4
Oct
2023
Watch
European green bonds (debate)
Mr President, first of all I would like to thank the Commission for the fact that this proposal on green bonds has been made and it is also particularly important that it is compatible with the taxonomy and then evolved in the same direction with the taxonomy. As far as the level of hope is concerned, of course, we should all have green public and private bonds, and not greenness as a special value, which is then rewarded. There may still be some political distance to this, but I believe that both the rapporteur and we in this House have this as a key objective. And by then, in exactly the same way that we treat climate and environmental risk as part of the risk of private investment, we must also treat distortive fossil subsidy money trends in public funding on a risk-based basis and reduce this funding and, in the longer term, put an end to it. But in the meantime, I wish the best success for green bonds. I hope that already in the next parliamentary term their level of ambition can be raised and also the systemic approach that takes into account all factors affecting the environment more broadly, especially biodiversity.